Pay Here

By admin 2019-03-06

March 05 2019 - Global cotton consumption is projected to post its third straight year of growth - but just barely, with an expected increase of only 0.04% as many of the top consuming countries are seeing a slackening of usage of the raw material, according to a monthly update from the International Cotton Advisory Committee (ICAC). Growth in mill use in East Asia is expected to slow to 6%, down from 14% the year before, while in Bangladesh, ICAC expects consumption growth to drop to 7% from 15% in 2017-18. After posting 15% growth in 2017/18, China is expected to see its consumption growth slow by 8%. On the other end of the spectrum are Turkey, Indonesia and Uzbekistan, all of which are projected to increase their consumption by double digits. India is expected to expand its mill-use as well, although by only 1%. The future of US-China trade tariffs remains uncertain, and while they might soon be lifted, they might also be increased. That lack of clarity is making it difficult for growers in the Northern Hemisphere to make their planting decisions for the coming season, the report said. Cotton production is expected to fall to 26.04 million tonnes in the 2017-18 season from 26.72 million tonnes in the 2017/18. ICAC said.